Dubai Holding unit in $1.7bn deal to sell industrial packaging firm

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai International Capital, the private equity arm of Dubai Holding, on Monday announced that it has completed the sale of Mauser Group to New York-based private equity firm Clayton, Dubilier & Rice for around $1.7 billion.

David Smoot, chief executive officer of DIC, said: “We are extremely pleased with the outcome of the Mauser sale. This transaction demonstrated DIC’s ability to improve and grow the companies it has invested in to ultimately achieve an attractive value at the point of exit. We are now focused on continuing to enhance the value of our remaining portfolio as we prepare the companies for an eventual exit.”

Mauser is a leading producer of rigid industrial packaging and has approximately 4,400 employees and revenues of over $1.6 billion. Founded in 1896, it is headquartered in Bruehl near Cologne in Germany.

It was originally acquired by DIC in 2007 in a deal that valued it at around $1.1 billion.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Five ways to maximise productivity during Ramadan

Five ways to maximise productivity during Ramadan

A drop in productivity during Ramadan is generally accepted by...

Making a splash: Qatar's Al Bandary Real Estate

Making a splash: Qatar's Al Bandary Real Estate

It may not be a household name but Al Bandary Real Estate’s new...

Most Popular
Most Discussed